Lexinfintech Holdings Ltd. key statistics and ratios

In fiscal 2025, Lexinfintech Holdings Ltd. had return on equity of 14.7%, a net margin of 12.8%, debt equal to 27.5% of equity and a current ratio of 1.89. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Lexinfintech Holdings Ltd.: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	−2.9%	13.9%	23.6%	39.6%	47.1%	31.2%	50.5%	30.8%	34.6%	35.4%	34.0%
Net margin	−12.3%	−2.7%	4.3%	26.0%	21.6%	5.1%	20.5%	8.3%	8.2%	7.7%	12.8%
Free-cash-flow margin	−59.2%	8.0%	29.1%	36.1%	−7.8%	−2.6%	22.4%	−0.9%	19.8%	5.9%	24.8%
Return on equity	—	—	41.0%	69.8%	43.0%	9.6%	34.4%	9.7%	11.5%	10.8%	14.7%
Return on assets	—	−1.4%	2.0%	14.7%	14.5%	2.9%	11.3%	3.7%	4.6%	4.9%	7.3%
Asset turnover	—	0.52	0.47	0.56	0.67	0.57	0.55	0.45	0.56	0.63	0.58
Current ratio	—	0.94	0.99	1.29	1.68	1.37	1.63	1.42	1.50	1.86	1.89
Debt to equity	—	—	628.8%	117.0%	87.9%	120.3%	62.1%	90.0%	45.8%	36.8%	27.5%
Effective tax rate	—	—	49.4%	6.3%	15.2%	13.2%	15.7%	19.7%	19.7%	18.7%	19.2%
R&D as % of revenue	1.6%	2.9%	4.2%	4.2%	3.9%	4.1%	4.8%	5.9%	3.9%	4.1%	4.5%
Capital spending as % of revenue	0.4%	0.7%	0.7%	0.7%	0.5%	0.7%	1.1%	1.5%	1.8%	1.7%	2.7%
Free cash flow ÷ net income	—	—	675.9%	138.6%	−36.1%	−50.0%	109.1%	−11.2%	242.8%	75.8%	194.5%
Dividends ÷ net income	—	—	—	—	—	—	—	—	12.7%	14.9%	22.8%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	—	—	—	5.2%	19.7%	17.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Lexinfintech Holdings Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Lexinfintech Holdings Ltd.